CircularPlace is a digital marketplace that enables businesses to manage and monetize underutilized equipment through a modular platform designed for B2B reuse. By facilitating the resale, donation, and sharing of assets, the platform helps companies reduce operational costs and minimize their environmental impact.
Funding
$978.7K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses lack efficient systems to manage and redistribute underutilized equipment, leading to unnecessary waste and increased operational costs. Existing methods for asset disposal often fail to capture the residual value of these items, hindering efforts to improve sustainability and reduce environmental impact.
Solution
CircularPlace offers a modular B2B platform designed to help companies manage and monetize their underutilized equipment, transforming waste into opportunities. The platform facilitates the resale, donation, sharing, and recycling of assets, enabling businesses to reduce procurement expenditures and minimize their carbon footprint. CircularPlace provides tools for businesses to share equipment across different sites, sell surplus assets to a network of buyers, donate items to charities for tax benefits, and recycle materials through certified partners. The platform also offers a carbon impact calculator, co-developed with ADEME, to help companies track and improve their environmental performance.
Target Audience
CircularPlace primarily targets manufacturers, facility managers, retailers, franchises, and associations seeking to optimize asset management, reduce costs, and enhance their corporate social responsibility (CSR) initiatives.
Features
- Customizable platform to manage and redistribute underutilized equipment
- Internal sharing tools to mutualize equipment across different sites
- Marketplace to sell used equipment to a network of buyers
- Donation features to support charities and benefit from tax deductions
- Recycling partnerships to ensure responsible end-of-life management
- Carbon impact calculator to track and improve environmental performance
- Option to create a solidarity platform for employees to exchange second-hand goods
- Integration with recycleurs partners to find the best end of life for products